Compliance Examiner 1
Compliance Examiner 1
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 3345 - 6566
1 Vacancy
Job Description
About this Job
Division: Office of Financial Solvency/Financial Examinations/Analysis or Field
The Louisiana Department of Insurance is seeking a motivated and analytical Compliance Examiner 1 to help protect the financial stability of Louisianas insurance and financial service this role youll conduct in-depth financial examinations review regulatory filings and work directly with industry professionals to ensure compliance with state and federal laws. If you enjoy problem-solving working independently and making a direct impact on the integrity of financial systems wed love to hear from you!
Minimum Qualifications
Three years of experience in accounting auditing banking compliance management financial operations or insurance; OR
Six years of full-time experience in any field plus nine semester hours in accounting and an additional fifteen semester hours in accounting economics finance business law insurance statistics financial analysis or money and banking; OR
A bachelors degree with nine semester hours in accounting and an additional fifteen semester hours in accounting economics finance business law insurance statistics financial analysis or money and banking; OR
A bachelors degree in accounting auditing finance business administration management economics or statistics; OR
An advanced degree in accounting auditing finance business or public administration management economics quantitative methods or statistics; OR
A Certified Public Accountant (CPA) license Certified Financial Examiner (CFE) Certified Fraud Examiner (CFE) or Certified Internal Auditor (CIA) designation.
EXPERIENCE SUBSTITUTION:
Every 30 semester hours earned from an accredited college or university will be credited as one year of experience towards the six years of full-time work experience in any field. The maximum substitution allowed is 120 semester hours which substitutes for a maximum of four years of experience in any field.Job Specification
The official job specifications for this role as defined by the State Civil Service can be found here.
Job Duties and Other Information
Job Duties:
As a Compliance Examiner 1 youll play a vital role in safeguarding Louisianas financial and insurance markets by ensuring regulated entities operate in compliance with state and federal laws. Your work will involve both in-office analysis and field examinations giving you a comprehensive view of how institutions function. The positions primary duty is reviewing and analyzing insurance companies financial filings to assess their financial soundness and compliance with statutory requirements. This work is risk-focusedidentifying and evaluating the potential risks of insurers then documenting an overall assessment of their financial condition. Youll work closely with industry personnel applying critical thinking time management independence and strong communication skills to deliver accurate and actionable findings.
In this position youll be responsible for:
- Conducting Field Examinations: Visit financial service providers and insurance companiesincluding banks mortgage lenders pawnshops credit unions and HMOsto assess their compliance with applicable laws policies and regulations.
- Reviewing Financial Records: Examine detailed records of assets (cash loans investments real estate and equipment) and liabilities (deposits debts taxes and accrued expenses) to verify the accuracy and completeness of financial statements.
- Analyzing Equity Structures: Review stockholder equity records including common and preferred stock retained earnings and subordinated debt to ensure proper reporting and compliance.
- Preparing Detailed Reports: Develop and maintain reporting schedules covering specialized areas such as asset concentrations liquidity management rate sensitivity and premises and equipment.
- Collaborating with Industry Leaders: Meet with executives and top-level management to gather information resolve discrepancies and present examination findings.
- Serving in a Leadership Role: On a rotating basis act as an assistant-in-charge for examinations of lower complexity to develop supervisory skills.
- Training and Professional Development: Attend and successfully complete the beginning Compliance Examiner School to build foundational knowledge for the role.
Position-Specific Details:
Appointment Type: Probational
Location:Office of Financial Solvency/Financial Examinations/Analysis or Field Division.
Compensation:The salary offered will be determined based on qualifications and experience.
About the Division:The Office of Financial Solvencys primary mission is to monitor the financial health of regulated entities through statutorily mandated filed examinations and financial analyses and to provide actuarial analysis of rate filings adequacy of insurers reserves and insurance legislation.
Career Growth Opportunity: Advancement in this role may involve earning professional designations through the Society of Financial Examiners (SOFE) such as the Accredited Financial Examiner (AFE) and Certified Financial Examiner (CFE). Each designation involves passing four exams and meeting SOFEs work experience requirements (two years for the AFE three years for the CFE). These certifications can only be awarded upon application to SOFE and are a key step toward promotion to the next level.
The LA Department of Insurance is a State As a Model Employer (SAME) agency that supports improved employment opportunities for individuals with disabilities.How To Apply:
NO CIVIL SERVICEexam is required to be considered for this vacancy.
To apply for this vacancy click on the Apply link above and complete an electronic application which can be used for this vacancy as well as future job opportunities. Applicants are responsible for checking the status of their application to determine where they are in the recruitment process. Further status message information is located under the Information section of the Current Job Opportunities page.
*Information to support your eligibility for the position must be included in the application (i.e. relevant detailed experience/education).Resumes will not be accepted in lieu of completed education and experience sections. Applications may be rejected if incomplete.
Contact Information:
For further information about this vacancy contact:
Phillip Donagriche
Louisiana Department of Insurance
P.O. Box 94214
Baton Rouge LA 70804
Employment Type
Unclear
